The European summer is in full swing, and the AUD is traveling well against the EUR and GBP

If you are heading to Europe or the UK and are worried about how the AUS is performing against the British Pound and the EUR, don't be! The news is good.

The Australian dollar has seen significantly positive exchange rate movements against the major global and regional currencies through the financial crisis and the following recovery.  It is comforting to know it continues to exceed previous year's rates for the same period.

In May 2010, the GBP hit a high of 0.6163 to the Australian dollar.  At the same time last year it was 0.4900.  So, summer in the UK this year is definitely going to give you more Aussie dollars to spend.

The EUR hit a high in May this year of 0.7810 and has since trimmed to 0.6950.  However if you compare it to the same time last year when it was as low as 0.5800, you are still well ahead in 2010.

Whilst the AUS has fallen recently compared to the US Dollar, May still saw it trading at 0.8370 versus same time last year at 0.8000, so once again we are still ahead of last years performance.

Buying your Foreign Currency before you leave Australia is easy through Travelex, so talk to your local branch today to secure the best rates.

Article supplied by Travelex Ltd 36 004 179 953